BRIEF-ZignSec Q1 EBITDA Loss Narrows To SEK 3.6 Mln

ZignSec AB (publ)

25/05/2022 06:15

May 25 (Reuters) - ZignSec AB (publ)  ZIGN.ST :
    * INTERIM REPORT FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH
2022
    * Q1 NET SALES SEK 24.3 MILLION VERSUS SEK 5.2 MILLION YEAR
AGO
    * Q1 EBITDA AMOUNTED TO SEK -3.6 (-6.3) MILLION.
    * CONTINUES TO EXPERIENCE A STRONG DEMAND FOR OUR INTEGRATED
END-TO-END SOLUTIONS THAT CAN HANDLE REQUIREMENTS FOR REGULATORY
COMPLIANCE FOR CUSTOMERS FROM A NUMBER OF INDUSTRIES AND
GEOGRAPHICAL AREAS
    * INVESTMENTS HAVE BEEN MADE TO DEVELOP NEXT GENERATION OF
PRODUCTS, WHILE WE ARE EXPANDING OUR PRESENCE IN AMERICAN MARKET
    * WE EXPECT TO BE ABLE TO SEE BENEFITS OF THESE INVESTMENTS
START
TO TAKE EFFECT DURING Q4 OF 2022
    * ZIGNSEC EXPECTS TO BECOME CASH FLOW POSITIVE DURING Q4

Source text for Eikon:  ID:nMFN87cyV8 
Further company coverage:  ZIGN.ST 

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